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CT Real Estate Investment Trust (TSE:CRT.UN) Share Price Crosses Above 50-Day Moving Average of $16.53



CT Real Estate Investment Trust (TSE:CRT.UN – Get Rating)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$16.53 and traded as high as C$16.66. CT Real Estate Investment Trust shares last traded at C$16.59, with a volume of 93,632 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CRT.UN shares. National Bankshares cut their target price on CT Real Estate Investment Trust from C$20.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 20th. CIBC cut their price objective on shares of CT Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Monday, June 27th.

CT Real Estate Investment Trust Stock Up 0.8 %

The firm has a 50 day simple moving average of C$16.53 and a 200-day simple moving average of C$17.08. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 74.47. The stock has a market cap of C$3.88 billion and a P/E ratio of 9.76.

CT Real Estate Investment Trust Company Profile

(Get Rating)

CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.

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